Is Microsoft a blue-chip stock? (2024)

Is Microsoft a blue-chip stock?

One of the most stable blue-chip stocks to own right now is Microsoft (NASDAQ:MSFT). The tech dinosaur is always the first one to adapt to changes and is known for innovation. Microsoft has seen strong sales growth, and its investments in artificial intelligence (AI) are already paying off.

Is Microsoft considered a blue-chip stock?

Microsoft (NASDAQ:MSFT) is undoubtedly one of the best blue-chip stocks to buy in 2024. They just recently surpassed the $3 trillion market capitalization status, and AI will be a huge growth driver for the company over the next decade.

What is considered a blue-chip stock?

Blue chip stocks are the stocks of dependable, profitable companies that have stood the test of time. Investing in high-quality blue chip companies can be a way to strengthen your stock portfolio. Apple, Berkshire Hathaway, Coca-Cola, Johnson & Johnson, and American Express stand out as top blue chip stocks.

Which bluechip stock is best?

Is Google a blue-chip stock?

Alphabet (GOOG, GOOGL)

Anchored by core Google properties and its $150 billion stockpile, Alphabet has the stability and vision to drive transformational growth, which is why it's on this list of stable blue-chip stocks.

What are the safest stocks to buy in 2024?

Some of the best stocks to invest in 2024 for beginners include Microsoft Corporation (NASDAQ:MSFT), Amazon.com, Inc. (NASDAQ:AMZN), and Mastercard Incorporated (NYSE:MA). For this list, we used a stock screener and selected stable companies with high single digit or low-teens revenue growth.

Which stock will boom in 2024?

Is Apple a blue-chip stock?

APPLE (NASDAQ: AAPL): A resilient blue-chip stock with a track record of outperforming analysts' expectations, Apple's consistent growth in revenue and profitability reinforces its status as a reliable blue-chip stock to buy and hold.

Is Amazon a blue-chip stock?

The e-commerce pioneer is now among the 30 companies that make up the Dow Jones Industrial Average.

Is Apple a blue-chip or growth stock?

Apple Inc (NASDAQ:AAPL)

Apple Inc (NASDAQ:AAPL) is undoubtedly one of the best blue chip stocks to buy and hold according to hedge funds. Apple Inc's (NASDAQ:AAPL) products gain a lot of traction due to Apple Inc's (NASDAQ:AAPL) innovation and brand name attraction.

Is Tesla a blue-chip stock?

The problem is that despite being included in blue chip ETF indexes, companies like Nvidia and Tesla aren't truly blue chip stocks, George Pearkes, an analyst at Bespoke, told CNN. They're much more volatile. Tesla, for example, is down about 23% so far this year.

What is the best long term stocks to buy?

What are the best American stocks to buy?

Is Apple still a good investment?

Apple shares have made for a fantastic investment over the years, climbing 817% in the last decade. And more recently, they rose 48% in 2023, beating the Nasdaq Composite.

Is Nike a blue-chip stock?

As one of the largest sports apparel and footwear businesses on the face of the planet, Nike (NYSE: NKE) is well-known not only among customers worldwide but within the investment community as well. Regarded as a blue chip stock, Nike is even included in the Dow Jones Industrial Average.

What are the 7 stocks to buy and hold forever?

What stock to put $1,000 dollars in?

But if you have a long enough investment time horizon and pick the right investment, $1,000 could eventually grow into $1 million. Buying stocks like Amazon, Home Depot, Microsoft, and Berkshire Hathaway at the right time has all delivered such returns to early investors.

Is AMZN a buy right now?

Amazon stock has received a consensus rating of buy. The average rating score is A1 and is based on 97 buy ratings, 3 hold ratings, and 0 sell ratings.

Which top 5 shares to buy?

What stocks are most likely to double in 2024?

Nvidia (NVDA)

While it may seem strange to assert that Nvidia (NASDAQ:NVDA) stock has the potential to double in 2024 following its historic year in 2023, that is indeed the case. Analysts on Wall Street believe that the AI leader's shares could rise to $1,100 in 2024.

What stocks are going to skyrocket?

What is the most promising AI stock?

Is Coca Cola a good stock to buy in 2024?

Long-term investors looking for a reliable and refreshing addition to their portfolio should consider grabbing a few shares of Coca-Cola. It's not the most exciting growth stock of 2024, but you can't really beat this sweet combo of safety and cash returns.

What is a safe blue-chip stock?

A blue chip stock is a company that typically has a large market cap, a sterling reputation, excellent financials, and many years of success in the business world. A blue-chip index seeks to track the performance of financially stable, well-established companies that provide investors with consistent returns.

Is Home Depot a blue-chip stock?

Home Depot: Headquartered in Atlanta, GA, this company stands as another distinguished blue-chip stock, dominating the home improvement retail sector.